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Europe Daily Bulletin No. 10049

6 January 2010
GENERAL NEWS / (eu) eu/economy
Greece sets 2012 as target date for return below 3% deficit

Brussels, 05/01/2010 (Agence Europe) - Greece's effort to improve the situation of its finances should allow it to bring its budgetary deficit back below the 3% of GDP mark by end 2012. From 12.7% GDP in 2009, the Greek public deficit should be reduced by 4% in 2010 and by 3% during the next two years, the Greek finance minister said on Tuesday 5 January. “The prime minister has asked that adjustment be made at the beginning of the period and that deficit reduction take place over three...

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